Bertrand Benoit News
-
The European Central Bank and Germany met resistance from national governments in their bid to bring forward the start date of EU rules that would force losses on failing banks’ creditors.
-
Chancellor Angela Merkel’s government opposes any move to grant Greece more time to repay its loans, the German Finance Ministry said.
-
U.S. regulators proposed two sets of rules for margin requirements in swap transactions that may force airlines, large manufacturers and other commercial end- users to set aside money to reduce risk in certain trades.
-
Germany isn’t “putting pressure on anyone” to accept additional losses on Greek sovereign bonds as part of the planned second bailout for the debt-laden country, Finance Ministry spokesman Bertrand Benoit said.
-
German 10-year bond yields were headed for their first weekly gain in five as investors waited to see whether Federal Reserve Chairman Ben S. Bernanke will signal further steps to support the U.S. economy.
-
German bunds rose for a second day as Federal Reserve Chairman Ben S. Bernanke refrained from signaling additional stimulus measures in a speech today, maintaining demand for the euro region’s safest assets.
-
A leader of Greece’s governing coalition pushed back against German demands for deeper budget cuts to get the bailout needed to prevent a financial collapse.
-
Greece is missing its debt-cutting targets, German Finance Minister Wolfgang Schaeuble told lawmakers today, intensifying pressure on Greek politicians to deliver on austerity promises.
-
Greek borrowing costs declined in a sale of bills today after the International Monetary Fund said it may give the nation more time to repay loans and China disclosed plans to buy bonds.
-
The euro strengthened against the dollar as European Central Bank Governing Council Member Axel Weber said the rescue fund for indebted nations is sufficiently capitalized to calm the region’s financial markets.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page